Jamaican Dollar south korean won exchange rate history (JMD KRW) December 2023

Jamaican Dollar south korean won history for December 2023. The highest quote for this month is 8.6072 (07/12/2023) and the lowest 8.5476 (11/12/2023). The difference between high and low is 0.69.

JMD KRW average rate for December 2023 is 8.4471, the change between 01/12/2023 and 31/12/2023 is +1.31 %.

01 December 2023	1 JMD = 8.43 KRW
02 December 2023	1 JMD = 8.38 KRW
03 December 2023	1 JMD = 8.38 KRW
04 December 2023	1 JMD = 8.49 KRW
05 December 2023	1 JMD = 8.52 KRW
06 December 2023	1 JMD = 8.56 KRW
07 December 2023	1 JMD = 8.54 KRW
08 December 2023	1 JMD = 8.51 KRW
10 December 2023	1 JMD = 8.52 KRW
11 December 2023	1 JMD = 8.54 KRW
12 December 2023	1 JMD = 8.53 KRW
13 December 2023	1 JMD = 8.52 KRW
14 December 2023	1 JMD = 8.39 KRW
15 December 2023	1 JMD = 8.40 KRW
16 December 2023	1 JMD = 8.42 KRW
17 December 2023	1 JMD = 8.42 KRW
18 December 2023	1 JMD = 8.25 KRW
19 December 2023	1 JMD = 8.48 KRW
20 December 2023	1 JMD = 8.46 KRW
21 December 2023	1 JMD = 8.45 KRW
22 December 2023	1 JMD = 8.40 KRW
23 December 2023	1 JMD = 8.44 KRW
24 December 2023	1 JMD = 8.44 KRW
25 December 2023	1 JMD = 8.45 KRW
26 December 2023	1 JMD = 8.43 KRW
27 December 2023	1 JMD = 8.42 KRW
28 December 2023	1 JMD = 8.44 KRW
29 December 2023	1 JMD = 8.32 KRW

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic Jamaican Dollar South Korean Won